How to Stake Enecuum (ENQ) as a PoA Node for HUGE earnings!
Enecuum aims to unite the world by creating a blockchain network of mobile and desktop devices.
Enecuum uses a hybrid consensus algorithm combining the Proof-of-Work (PoW), Proof-of-Stake (PoS) and Proof-of-Activity (PoA) algorithms as part of its consensus mechanism.
Currently, the focus is to build out the PoA part of the network by uniting mobile devices from all over the world. This is done by running their mobile app while holding at least 25 ENQ. The app runs in the background and provides validation and signing for the network. Remember — this is proof of activity — not proof of work, so you don’t have to worry about extra battery drain from CPU usage.
Worth noting — the Enecuum Neuro network has literally just launched. Right now, at the time of writing, the annual return-on-investment is over 250% (according to stakingrewards.com).
I decided to write a guide on how to get started because there was no good walk-through that I could find (I guess it’s just too early?), and they have a great referral program to take advantage of. Follow the steps below to start earning newly minted ENQ.
- Android phone or PC/MAC with an Android emulator (see step 1).
- Ethereum wallet and Metamask. This is not a guide for using Metamask!
- Basic know-how of how to trade on a cryptocurrency exchange.
Please leave a comment below if you wish to see a walk through on the requirements as well, and I can add a follow up article if needed.
- Visit official site and download mobile app.
- Create new wallet through mobile app enter referral code for a 10% bonus forever.
- Buy at least 25 ERC-20 ENQ from exchange.
- Send ERC-20 ENQ to your Ethereum wallet.
- Swap ERC-20 ENQ to Enecuum ENQ on their website.
- Press Start in the mobile app.
Published at Sat, 10 Aug 2019 04:50:34 +0000
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By antwerpenR on 2013-08-04 14:33:05
